Efficient reinsurance & ILS benefits U.S. homeowners market

Continued rate declines and reduced pricing in the global reinsurance market has enabled U.S. homeowners insurers to take advantage of both traditional and non-traditional reinsurance capacity, and pursue growth opportunities in spite of market headwinds, according to Aon Benfield.

Premiums in the U.S. homeowners arena reached $89 billion in 2015 and are expected to surpass $90 billion for the first time ever by the end of 2016, despite insurers that operate in the space experiencing a declining return on equity (RoE), says Aon Benfield in its 2016 Homeowners ROE Outlook Report.